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<Europe>European Bourses Grow in Early Trading; UK, France, Germany Stocks Up 0.4-0.5%; Defense Stocks Surge
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European bourses advanced in early trading on Friday (6th), backed by stable oil prices. The US had earlier announced a 30-day grace period for India to purchase Russian oil. Europe is set to release the final economic growth figures for 4Q25 later. The pan-European STOXX 600 gained by 2.54 points or 0.4%, to 607.37; the UK's FTSE 100 rose by 50 points or 0.5%, to 10,463; France's CAC 40 climbed by 42 points or 0.5%, to 8,087; Germany's DAX added 92 points or 0.4%, to 23,908; Spain's IBEX 35 lifted by 110 points or 0.6%, to 17,355; Italy's FTSE MIB mounted by 179 points or 0.4%, to 44,788. Defense stocks surged, with Renk and Dassault Aviation up 7% and 3.9%, Rheinmetall and Leonardo up 2.9% and 2.8%. Among other stocks, Prosus, an investment company under Naspers, Tencent's major shareholder in South Africa, and Nokia swelled by 2.4% and 2.6% respectively, while Adidas leaped by 2%. AASTOCKS Financial News Website: www.aastocks.com |
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